Hoya (OTCMKTS:HOCPY) Sees Large Volume Increase – What’s Next?

Shares of Hoya Corp. (OTCMKTS:HOCPY) saw strong trading volume on Monday . Approximately 44,891 shares were traded during mid-day trading, an increase of 24% from the previous session’s volume of 36,181 shares.The stock last traded at $165.2344 and had previously closed at $160.87.

Hoya Trading Up 0.8%

The company has a 50-day moving average price of $160.06 and a two-hundred day moving average price of $170.35. The stock has a market cap of $55.38 billion, a P/E ratio of 32.81, a P/E/G ratio of 3.80 and a beta of 0.98. The company has a current ratio of 4.81, a quick ratio of 4.15 and a debt-to-equity ratio of 0.03.

Hoya (OTCMKTS:HOCPY) last issued its quarterly earnings results on Friday, July 31st. The technology company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.10. Hoya had a return on equity of 25.15% and a net margin of 27.58%.The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.55 billion. On average, research analysts expect that Hoya Corp. will post 4.87 EPS for the current fiscal year.

Hoya Company Profile

Hoya Corporation (OTCMKTS: HOCPY) is a Tokyo-based global manufacturer and supplier of optical products and related technologies. The company designs, produces and sells a broad range of optical materials and finished optics for consumer, industrial and healthcare markets, serving customers across Asia, Europe, the Americas and other regions worldwide.

Hoya’s product portfolio includes ophthalmic lenses and related vision-care products for eyeglasses, optical glass and lens blanks, and precision optical components used by original equipment manufacturers.